Tuesday, 10 December 2013

Transparency Market Research is Published
new Market Report “Intravenous Access Devices Market (Intravenous Needles,
Intravenous Catheters and Intravenous Infusion Pumps) - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,". In
2012,the global intravenous access devices market was valued at USD
27.2 billion and is expected to grow at a CAGR of 7.8% during the forecast
period of 2013 to 2019 to reach a market value of USD 46.5 billion by 2019.

Intravenous (IV) access devices are utilized extensively for the delivery
of almost every class of drugs such as analgesics, antibiotics and
antipyretics. The IV access devices include IV needles, IV catheters and IV
infusion pumps. The market for IV access devices will increase tremendously at
the growing rate of 7.8% during the forecast period 2013 to 2019 with the
increasing incidences of various diseases such as cancer and tuberculosis
(TB).Increasing geriatric population worldwide will also support the growth of
this market because elderly people are highly susceptible to aforementioned
diseases. In addition, shifting trend towards home healthcare will further
propel the growth of infusion pumps and catheters market which will also
support the overall growth of the market.

Likewise, increase in number of surgeries throughout the globe will also
trigger the growth of this market since; surgeries will require these access
devices for various purposes such as medication and anesthetic. For instance,
in 2012around 51.4 surgeries were reported according to the Centers for Disease
Control and Prevention (CDC) in the U.S. and this number is expected to
increase owing to various reasons such as increase in number of accidents and
lifestyle.Similarly, increase in number of vaccines will also augment the
growth of this market since administration of majority of the vaccines will
utilize intravenous needles.The market for intravenous catheters is expected to
grow at the highest CAGR of 9% during the forecast period 2013 to 2019. This
growth is attributed to its wide application areas such as it is utilized when
infusion pump is implanted in the body. Similarly, price competitiveness of the
catheters will also support the growth of this market tremendously.

The North American region accounted for the largest share by revenue for
intravenous access devices in the year 2012 owing to large number of patient
pool and geriatric population. However, Asia-Pacific is expected to show the
highest growth rate of 9.4% from 2013 to 2019. This is attributed to rise in
geriatric population, target diseases, increase in healthcare expenditure and
improving healthcare infrastructure in the Asia-Pacific region. In addition,
rise in disposable income due to economic development will also propel the
growth of the market in the region since it will increase the purchasing power
of individuals for various medical services such as surgeries.